Two-Family
New
For Sale
$1,199,888
87 Crafts St, Newton, MA 02458
On-site parking serves this two-household residential property.
Property Size2,329 SF
Days on Market6
Property Features for 87 Crafts St
General Information
Standard status
Active
Size
2,329 SF
Total Parking Spaces
6
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$8,888
Building Details
Building Size
2,329 SF
Listing Agency:
USA Real Estate Advisors
Listed By:
Patrick Lydon
(617) 829-9992
Source:
Classifiedrealtygroup
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 7:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of USA Real Estate Advisors
Investment Insights
Based on property information with market context.
This duplex is configured for two households and includes on-site parking. The property is located at 87 Crafts St in Newton, Massachusetts.
Key Highlights
- Two‑family duplex
- On‑site parking
- 87 Crafts St address in Newton, MA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,282
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,640
$985.6K
Cap Rate 7%
$704,029
$704.0K
Cap Rate 9%
$547,578
$547.6K
Market Conditions
NOI Build-Up for 2,329 SF
Gross rent
$74.1K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$70.4K $30.23/SF
− OpEx
−$21.1K −$9.07/SF
NOI
$49.3K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,640
Cap Rate 7%
$704,029
Cap Rate 9%
$547,578
Alternative Uses
Best Use
Multifamily LT 5
$704.0K
$616.0K – $821.4K
NOI $49,282 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$662.0K
$579.2K – $772.3K
NOI $46,339 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,513 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
Explore this area
Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - On-site parking serves this two-household residential property.
Where is this duplex located?
The property is located at 87 Crafts St Newton, MA.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Two‑family duplex; On‑site parking; 87 Crafts St address in Newton, MA
